Race and Home Ownership from the End of the Civil War to the Present | Zendy

William Collins | Zendy; Robert A. Margo | Zendy

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Race and Home Ownership from the End of the Civil War to the Present

Author(s) -

William Collins,

Robert A. Margo

Publication year - 2011

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.101.3.355

Subject(s) - white (mutation) , emancipation , race (biology) , demographic economics , point (geometry) , convergence (economics) , economics , spanish civil war , falling (accident) , labour economics , political science , economic growth , sociology , politics , law , gender studies , medicine , biochemistry , chemistry , geometry , mathematics , environmental health , gene

We present new estimates of home ownership for black and white households from 1870 to 2007. Black ownership increased by 46 percentage points, whereas white ownership increased by 20 points. Remarkably, 25 of the 26 point narrowing occurred between 1870 and 1910. Part of this early convergence is accounted for by falling white ownership due to movement out of agriculture, but most is accounted for by post-emancipation gains among blacks. After 1910, white and black households increased ownership, but the racial gap barely changed. We discuss the influence of residential segregation, public policy, and permanent income on the ownership gap.

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